Federal regulators put CSX rail sale on hold

Favicon Jacksonville Business Journal

The Surface Transportation Board, a federal regulatory agency, has stalled the sale of more than 175 miles of CSX rail in Georgia and Alabama to Colorado-based HGS Railway Holdings Inc. HGS filed requests with STB Mar. 29 for approval to purchase 121 miles of track in Alabama and 55 miles of track in Georgia, lines it would lease to Alabama & Tennessee River Railway and Fulton County Railway LLC respectively. HGS claimed it had no plans to connect the lines and the lines were small enough to operate...

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